PB-CAG-POWER 2 LAST

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PTI

March 29, 2017

UPDATED: March 29, 2017 19:15 IST

Failure to take definitive action or disconnect electric

Failure to take definitive action or disconnect electric supply of a defaulting consumer as provided under the PSERCs regulations for non-deposits of security of Rs 14.48 crore along with penal interest of Rs 9.74 crore undermined its ability to ensure submission of deposits by consumers as well as led to accumulation of outstanding dues of Rs 53.36 crore, the report said.

It said the company paid Rs 391.46 crore as additional levy though it was to be paid by a joint venture company which was a separate legal entity.

The CAG noted that the company could not identify deficiencies in detailed projects reports and released payments without adequate scrutiny which rendered a payment of Rs 1.24 crore to the consultants unfruitful and also led to overall delay in execution of works.

Leasing of land for 99 years instead of transferring ownership to government along with payment of compensation for construction of railway over bridge in Bathinda deprived it of compensation of Rs 5.16 crore, it said. PTI VJ KIS

This is unedited, unformatted feed from the Press Trust of India wire.

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